Metaplanet adds $5B to Bitcoin strategy via U.S. subsidiary

Metaplanet Inc. has approved up to $5 billion in additional capital for its U.S. arm, Metaplanet Treasury Corp, to accelerate its plan to acquire 210,000 BTC by 2027. This comes alongside the firm’s recent purchase of 1,111 BTC, bringing its holdings to 11,111 BTC ($1.1B). The capital will be raised via new stock acquisition rights. Miami was chosen for its pro-Bitcoin stance. Despite a 300% YTD stock surge, analysts warn of potential dilution and inflated valuations.